Kingfisher (OTCMKTS:KGFHY) Stock Price Down 3% - Here's Why

Kingfisher PLC (OTCMKTS:KGFHY - Get Free Report)'s stock price traded down 3% on Tuesday . The company traded as low as $7.34 and last traded at $7.35. 54,273 shares were traded during trading, a decline of 3% from the average session volume of 55,777 shares. The stock had previously closed at $7.58.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays lowered Kingfisher from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, May 20th. Citigroup reaffirmed a "neutral" rating on shares of Kingfisher in a research report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Kingfisher in a research report on Wednesday, March 26th. Finally, BNP Paribas raised Kingfisher to a "strong sell" rating in a research report on Thursday, May 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Kingfisher has a consensus rating of "Hold".

Kingfisher Price Performance

The business has a 50-day moving average of $7.72 and a 200 day moving average of $6.92.

Kingfisher Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, May 26th were given a $0.203 dividend. This is a positive change from Kingfisher's previous dividend of $0.09. This represents a yield of 3.44%. The ex-dividend date was Friday, May 23rd.

Kingfisher Company Profile

Kingfisher plc, together with its subsidiaries, supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. It also operates retail stores under the B&Q, Castorama, Brico Dépôt, Screwfix, TradePoint, and Koçtas brands. The company sells its products through stores and e-commerce channels.